CrossAmerica Partners LP (NYSE:CAPL) Short Interest Down 14.3% in January

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 117,800 shares, a drop of 14.3% from the January 15th total of 137,500 shares. Based on an average trading volume of 36,900 shares, the short-interest ratio is presently 3.2 days. Currently, 0.7% of the company's stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Private Wealth Management LLC raised its stake in CrossAmerica Partners by 0.5% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 164,543 shares of the oil and gas company's stock valued at $3,620,000 after buying an additional 775 shares during the last quarter. Sanctuary Advisors LLC increased its position in CrossAmerica Partners by 5.7% during the third quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company's stock valued at $377,000 after acquiring an additional 1,000 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in CrossAmerica Partners by 4.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 25,500 shares of the oil and gas company's stock valued at $561,000 after acquiring an additional 1,000 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in CrossAmerica Partners by 47.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,731 shares of the oil and gas company's stock valued at $82,000 after acquiring an additional 1,200 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in CrossAmerica Partners by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,768 shares of the oil and gas company's stock worth $633,000 after purchasing an additional 1,747 shares during the last quarter. Institutional investors own 24.06% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 15th.

CrossAmerica Partners Price Performance

NYSE CAPL traded up $0.15 during trading hours on Wednesday, hitting $22.90. The company's stock had a trading volume of 32,440 shares, compared to its average volume of 37,151. CrossAmerica Partners has a 12 month low of $18.43 and a 12 month high of $23.60. The company's 50 day simple moving average is $22.26 and its two-hundred day simple moving average is $21.18. The company has a market cap of $871.28 million, a P/E ratio of 44.04 and a beta of 1.47.

CrossAmerica Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.10 annualized dividend and a dividend yield of 9.17%. CrossAmerica Partners's payout ratio is 403.85%.

About CrossAmerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.